-+ 0.00%
-+ 0.00%
-+ 0.00%
Silicon Motion: Q3 Earnings Snapshot
Share
Listen to the news

HONG KONG (AP) — HONG KONG (AP) — Silicon Motion Technology Corp. (SIMO) on Wednesday reported third-quarter profit of $65.3 million.

The Hong Kong-based company said it had net income of $1.91 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $4.35 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.30 per share.

The chip company posted revenue of $560.22 billion in the period. Its adjusted revenue was $560 million, which also topped Street forecasts. Six analysts surveyed by Zacks expected $532.8 million.

For the current quarter ending in December, Silicon Motion said it expects revenue in the range of $588 million to $616 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIMO at https://www.zacks.com/ap/SIMO

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending